The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 6,179 8,130,000 PRN   SOLE N/A 8,130,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 4,456 15,231,000 PRN   SOLE N/A 15,231,000 0 0
CONSTELLIUM NV CL A N22035104 9,195 1,558,550 SH   SOLE N/A 1,558,550 0 0
DISH NETWORK CORP CL A 25470M109 1,906 32,900 SH Call SOLE N/A 32,900 0 0
DISH NETWORK CORP CL A 25470M109 13,923 240,338 SH   SOLE N/A 240,338 0 0
DYNEGY INC NEW DEL COM 26817R108 6,910 816,777 SH   SOLE N/A 816,777 0 0
ENPRO INDS INC COM 29355X107 13,259 196,843 SH   SOLE N/A 196,843 0 0
EVERI HLDGS INC COM 30034T103 5,515 2,541,638 SH   SOLE N/A 2,541,638 0 0
FORTERRA INC COM 34960W106 14,602 674,141 SH   SOLE N/A 674,141 0 0
GAP INC DEL COM 364760108 817 36,400 SH Put SOLE N/A 36,400 0 0
GRAY TELEVISION INC COM 389375106 11,625 1,071,468 SH   SOLE N/A 1,071,468 0 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 6,618 9,200,000 PRN   SOLE N/A 9,200,000 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 6,202 103,500 SH Put SOLE N/A 103,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 130,606 950,000 SH Put SOLE N/A 950,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 13,889 338,337 SH   SOLE N/A 338,337 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 22,247 272,298 SH   SOLE N/A 272,298 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 10,269 495,119 SH   SOLE N/A 495,119 0 0
NEW YORK REIT INC COM 64976L109 10,267 1,014,489 SH   SOLE N/A 1,014,489 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 5,689 89,873 SH   SOLE N/A 89,873 0 0
QUORUM HEALTH CORP COM 74909E106 3,267 449,438 SH   SOLE N/A 449,438 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 40,235 180,000 SH Put SOLE N/A 180,000 0 0
TRIBUNE MEDIA CO CL A 896047503 5,399 154,344 SH   SOLE N/A 154,344 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 9,585 10,230,000 PRN   SOLE N/A 10,230,000 0 0
VERSO CORP CL A 92531L207 1,306 183,875 SH   SOLE N/A 183,875 0 0
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 4,895 7,000,000 PRN   SOLE N/A 7,000,000 0 0